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The owner of a Maltese software development company was in for a surprise during a recent trade mission to Ghana, as he stumbled upon two young orphans who had educated themselves into IT experts.Amazed by their IT proficiency, Geoffrey Farrugia gave each of them a spanking new laptop, as well as access to the servers and Ghana offices of his company (HandsOn System), and plans to give them jobs to work on.

Yididiya Mulatu's insight:

'The owner of a Maltese software development company was in for a surprise during a recent trade mission to Ghana, as he stumbled upon two young orphans who had educated themselves into IT experts.'

A Government paper outlining its proposals for customs arrangements following Brexit has seemingly forgotten about the existence of Gibraltar. In fact, a 1.2km international boundary separates the British overseas territory of Gibraltar and Spain.

Prince Charles, the Prince of Wales has signalled his support for the St Paul’s Anglican Pro-Cathedral Save Valletta’s Skyline Restoration Appeal by making a generous personal donation.Prince Charles first worshipped at the cathedral while still a Cambridge University undergraduate o

Yididiya Mulatu's insight:

'Prince Charles first worshipped at the cathedral while still a Cambridge University undergraduate on two unofficial holiday visits to Malta in 1968 and 1970, when he stayed with the then governor-general’s family.'

The UK sets out the ‘ambitious new customs arrangement’ it wants to secure with the EU after Brexit

Yididiya Mulatu's insight:

'The UK government will today confirm it wants to negotiate a transitional customs arrangement to take effect after Britain leaves the European Union, in the first of many official position papers to be published over the next few months.'

This year's run to a record for the stock market has been one of the least eventful in decades. Seemingly every day, stocks have drifted by just a few tenths of a percent in a lazy ascent to new heights

Yididiya Mulatu's insight:

'This year's run to a record for the stock market has been one of the least eventful in decades. Seemingly every day, stocks have drifted by just a few tenths of a percent in a lazy ascent to new heights.'

Smart City, which was meant to have been an ICT and media hub, is several years behind its contractual obligations and is not in a position to meet them according to the agreed timeframes.In 2007, the then Nationalist government struck a multi-million euro deal with Smart City’s Duba

Yididiya Mulatu's insight:

'Smart City, which was meant to have been an ICT and media hub, is several years behind its contractual obligations and is not in a position to meet them according to the agreed timeframes.'

Bathers were able to swim right in the shadow of a barge that appeared to be carrying fireworks in Rinella Bay this afternoon, and nobody was doing anything about it.The barge was moored some metres from the swimming zone and carried three red warning flags. A large number of firewor

Yididiya Mulatu's insight:

'Bathers were able to swim right in the shadow of a barge that appeared to be carrying fireworks in Rinella Bay this afternoon, and nobody was doing anything about it.'

The U.S. stock market finished higher Tuesday, with the Dow logging its second straight record and a sixth straight session in positive territory on the back of upbeat earnings, shaking off less-than-stellar reports on manufacturing and inflation.

Yididiya Mulatu's insight:

'The U.S. stock market finished higher Tuesday, with the Dow logging its second straight record and a sixth straight session in positive territory on the back of upbeat earnings, shaking off less-than-stellar reports on manufacturing and inflation.'

'Money last month poured into funds and securities that offer some protection against a sharp correction in the US stock market, the latest sign of cautious behaviour from both professional and retail investors in response to equities at record levels.'

'During a 40-minute court hearing on Monday, Judge Jack ruled that Gibraltar was the center of Mr. King’s business interests. The special administrator of Advalorem, Adrian Hyde, who has been pursuing Mr. King for repayment, was appointed trustee in the personal bankruptcy.'

'An earnings miss by Amazon that hit U.S. technology stocks overnight rippled through other markets on Friday, with Asian stocks retreating from recent highs and European tech shares opening sharply lower.'

'Shares of Menlo Park, California-based social networking giant Facebook Inc (NASDAQ:FB) extended their bullish rally in yesterday's trade. Facebook stock had opened 5% higher yesterday before giving up some of the gains due to the broad sell-off in tech stocks. Facebook stock is up by 48% in the year-to-date and around 15% this month. Yesterday's rally was prompted by a solid Q2 earnings report.'

The major indexes abruptly reversed lower in afternoon trading, causing some of the day's early winners to wipe off gains.

Yididiya Mulatu's insight:

'The Nasdaq composite was up 0.4% before sellers started swarming around 12:30 p.m. ET. The composite fell 0.8%. Sellers targeted many technology leaders. Key Nasdaq components Facebook (FB) and Amazon.com (AMZN) made good strides in the morning but both followed the reversal.'

South Africa's main stock index scaled a record high on Monday, underscoring the market's disconnect from an economy mired in recession, hobbled by damaging ratings downgrades, and still largely defined by apartheid's income inequalities.

Yididiya Mulatu's insight:

'South Africa's main stock index scaled a record high on Monday, underscoring the market's disconnect from an economy mired in recession, hobbled by damaging ratings downgrades, and still largely defined by apartheid's income inequalities.'

Going into Facebook, Inc.'s (NASDAQ: FB) second-quarter financial release, investors were looking to see if the long-predicted slowdown in advertising growth for the social-network purveyor would finally materialize. The company

Yididiya Mulatu's insight:

'For the just-completed quarter, Facebook saw revenue grow to $9.3 billion, up 45% year over year, while net income of $3.89 billion jumped an astonishing 71% over the prior-year quarter. Revenue from mobile advertising grew to 87% of the total, up from 84% in the prior-year period. The average price per ad was up 24%, while the number of ad impressions increased 19%, both year over year. '

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